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DEVON ENERGY ANNOUNCES REGULAR DIVIDEND ON $1.94 CONVERTIBLE PREFERRED STOCK

                  DEVON ENERGY ANNOUNCES REGULAR DIVIDEND
                   ON $1.94 CONVERTIBLE PREFERRED STOCK
    OKLAHOMA CITY, March 2 /PRNewswire/ -- Devon Energy Corp. (AMEX: DVN) reported today that its board of directors declared a $0.485 dividend on the company's $1.94 convertible preferred stock.  The dividend, covering the period from Jan. 1, 1992, through March 31, 1992, is payable on March 31, 1992, to preferred stockholders of record as of the close of business March 18, 1992.
    Devon Energy Corp. is an independent energy company engaged primarily in oil and gas property acquisitions, exploration and production, and oil and natural gas remarketing.  The company ranks in the top 25 percent of U.S. publicly held oil and gas firms, measured by oil and gas reserves.  Preferred shares are traded under the symbol of "DVN.Pr"
    -0-                          3/2/92
    /CONTACT:  Marian J. Moon, communications manager for Devon Energy, 405-235-3611; or Lynne Franklin, 312-266-7800, of the Financial Relations Board (FRB) in Chicago; or Kathy Phelan, 212-661-8030, of FRB-N.Y., for Devon Energy Corp./
    (DVN) CO:  Devon Energy Corp. ST:  Oklahoma IN:  OIL SU:  DIV TQ -- NY001 -- 3933 03/02/92 11:50 EST
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Publication:PR Newswire
Date:Mar 2, 1992
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